Each of such boards shall annually elect one member thereof as president and another member as secretary and treasurer, and such officers shall hold their offices until their successors shall be elected and qualified. The secretary and treasurer shall execute his bond to the state of New Mexico for not less than twenty thousand dollars [($20,000)], with at least two freehold sureties, residents of the state, which shall be conditioned for the faithful performance of the duties of such secretary and treasurer, and shall be approved by the governor and filed in the office of the secretary of state.
History: Laws 1893, ch. 19, § 4; C.L. 1897, § 3653; Code 1915, § 4976; C.S. 1929, § 120-1906; 1941 Comp., § 55-2105; 1953 Comp., § 73-22-5.
Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 63A Am. Jur. 2d Public Officers and Employees §§ 487, 488.
Malfeasance in office, public officer's bond as subject to forfeiture for, 4 A.L.R.2d 1348.
14A C.J.S. Colleges and Universities § 16.
Structure New Mexico Statutes
Chapter 21 - State and Private Education Institutions
Article 3 - Certain State Post-Secondary Schools
Section 21-3-1 - [Names of Las Vegas and Silver City schools.]
Section 21-3-2 - [Use of name "New Mexico highlands university" authorized.]
Section 21-3-3 - Use of name "western New Mexico university" authorized; exceptions.
Section 21-3-4 - [Boards of regents; appointment and qualifications of members; corporate powers.]
Section 21-3-5 - [Election of officers; bond of secretary-treasurer.]
Section 21-3-6 - [Meeting of boards of regents; quorum.]
Section 21-3-8 - [Duties of board officers.]
Section 21-3-10 - [New Mexico highlands university to be nonsectarian.]
Section 21-3-11 - [Acquisition of land for New Mexico highlands university.]
Section 21-3-12 - [Right of eminent domain by New Mexico highlands university regents unaffected.]
Section 21-3-14 - [Resolution of New Mexico highlands university regents.]
Section 21-3-15 - Bonds; form; conditions.
Section 21-3-19 - [Protection of interest and retirement fund of New Mexico highlands university.]
Section 21-3-20 - [Income of permanent land funds of New Mexico highlands university pledged.]
Section 21-3-21 - [Interest payments for New Mexico highlands university bonds.]
Section 21-3-23 - [Series of New Mexico highlands university bonds; restrictions.]
Section 21-3-24 - [Tax exemption of New Mexico highlands university bonds.]
Section 21-3-25 - [Restrictions on use of New Mexico highlands university bond proceeds.]
Section 21-3-26 - [State board of finance approval of New Mexico highlands university bonds.]
Section 21-3-27 - [Lien of New Mexico highlands university bonds.]
Section 21-3-28 - [Refunding bonds issued by New Mexico highlands university.]
Section 21-3-29 - [Eastern New Mexico university; establishment.]
Section 21-3-31 - [Use of name "eastern New Mexico university" authorized; exceptions.]